Improve efficiencies. Reduce delinquency. Increase ROE.
Community banks thrive when they maximize ROE (return on equity). Three of the top five drivers impacting ROE for most banks are operational and systems efficiencies, delinquency rate, and net interest margin. Fintech tools like lending software can substantially increase efficiencies, reduce delinquency and reduce manpower.
Budget constraints slow adoption of fintech tools.
Community banks tend to be the most labor intensive financial institutions as they manage a large number of small loans in their local area. Unfortunately, budget constraints make it difficult to implement the type of technology that would automate a small bank’s operational systems.
Affordable, fully managed, award winning software system.
CDFIs (community development financial institutions) as well as lending and loan cooperatives – with borrower friendly financial vehicles like SACCO loans – are creating a safety net in local communities underserved by traditional big banks. It’s admirable work. These are some of the toughest financial institutions to manage profitably, because your team is handling a large number of personal and small business loans with the least amount of automation in the financial services industry.
Turnkey Lender can change this operational model for you. Our single stack lending software system replaces manual processes as it streamlines loan origination, account management, and payments processing. It acts like an extra pair of hands for your loan managers, allowing them to focus their best energies on high level activities. And the efficiencies improve ROE. Our credit scoring model allows risk-based pricing to control delinquency, and it continues to monitor credit quality over the life of the loan. This proprietary model uses machine learning and data analysis to constantly improve the algorithms.
Turnkey Lender uses a cloud-based architecture, so installation is easy without the need for IT expertise. Software upgrades and all new releases are automatic with no additional programming on your part. And it’s easy for your team to learn the new system just by following the intuitive workflow.
Rest assured, a support team is here 24/7 for whenever you or your customers need tech support or customer service.
Turnkey Lender delivers all these benefits to your community based bank, and at a surprisingly affordable cost. Your CDFI or lending coop gets the level of automation and credit scoring that reduces processing time and improves your risk profile, without compromising security or pricing accuracy.
Turnkey Lender helped us with increasing efficiency of our scoring model in Jan-Feb 2016.
They provided the highest level of consulting and technical support services.
Jonathan Sarmina, Ceo Moneyveo, Mexico
Community Bank Software System – Key Business Benefits
Click on Turnkey Lender Software Systems for Community Banks to learn more about our key business benefits.